SunTrust Banks, Inc.’s (STI - Analyst Report) first-quarter 2015 earnings of 78 cents per share outpaced the Zacks Consensus Estimate of 72 cents. Moreover, the reported figure came in 6.8% higher than the prior-year quarter number.
Results benefited from a decrease in expenses and provisions as well as higher non-interest income, partly offset by lower net interest income. Growth in loans and deposits as well as asset quality displayed improvement during the quarter.
Net income available to common shareholders amounted to $411 million, up 4.6% year over year.
Suntrust Banks Inc. – Earnings Surprise | FindTheCompany
